Are you in ur forties and don't mind telling how much mortgage u have ?

[Molly333]

Hi sorry if I seem nosey but I'm worried about upping my mortgage ( need room) but worried I'm not realistic . The mortgage amount is 145000 , what's yrs ?

An offset, or more accurately an all-in-one accpunt, mortgage has been brilliant. I am older but over the years we did manage to pay it off through over payments and a redundancy payment, but then took it up to the max again in order to buy a seaside flat near my ailing mum. We are now steadily repaying this. Throughout the period we have effectively earned good interest on any savings plus had the money available should, say, a new boiler be needed.

Late forties, living in the south east. Paid off mortgage about 4 years ago.

Age 47 and have £200,000 mortgate

I'm 45 and my mortgage was paid off this year. House worth about 140. Not what you asked but I don't have a pension and the thought of that has really started to hit home over the last few months

44 and £75K left but I am paying off £45K in March with endowment money/inheritance. I have recently gone full time at work so plan on paying the last bit off within 2-3 years.

39 and £100K

we are early 40s and have 15 years left to pay. I think about 155k we owe still.

Mid 50's. Owe 48000 on mortgage. Paid off when I'm 66 ☹️️ Can retire when I'm 67.

Early 40s. No mortgage on house we live in, about 10k on a house I let out, am overpaying so will be free of that in under 5 years. :-)

I'm 45. Mortgage is £131k, 20 years left.

Finding the talk of stretching yourself in mortgages really interesting. My mortgage terrifies me and I cannot wait to clear it. My house is only worth around £320,000 and is ex-council, on an estate, so will never really amount to a fantastic investment. :) But it's in a lovely town in the SE, so not the worst investment ever, either.

I could get a bigger joint mortgage with DH now and buy a fuck-off massive house....... but the monthly repayments terrify me. He's only just out of a load of debt from his past relationship, and I'm self-employed and might be about to lose my biggest client (hopefully not!!!!!), so security means much, much more to me than any more risk.

I am 44. House is worth around 750k in a nice area. We have 296k left to pay on it. Interest only. The payments became too large with interest so we changed it to interest only, and pay just £295 per month. 35 year term from 1999. We need to figure out what to do at some point!

I'd have to look to be sure - but it's about £250k. The house is worth about 600K I would say.

DH is a high earner though, and we're on a very favourable mortgage rate (bought just before the credit crunch), so we haven't thrown any money at getting the mortgage down, and put our savings elsewhere.

We are both 40 and have been throwing as much money a we can at the mortgage since we moved here almost 12 years ago.

Initially borrowed 134k, now at 29k. We have 8 years to go but at the rate we are going it will be paid off in 4.

Paid off mortgage last year.
We are 45 and 46.
We thought about moving to a larger house and borrowing another £100,000 or so, but enjoy the freedom of no debt.
If we wanted, we could go part-time, change jobs etc.

As interest rates are low, now is a good time to have 'mortgage debt'.
However, we are just old enough to remember 11% interest rates.
I also remember the look on my Dad's face when interest rates went up to 15%.

43. Still trying to save a decent deposit. Hopefully middle of next year.

Hope this might be of interest/make people think after reading Matchinbluesocks post, as we are late 40s so should in theory have 10 - 15 years to pay off our mortgage.

DH was diagnosed with cancer a few months ago. I have been a SAHM for 20 years, and wouldn't have the earning power needed to repay what's left if I had to work. We've taken risks and moved 7 times throughout those years, always stretching ourselve mortgagewise.

When we were in our last house he took out life insurance for both of us, which would cover what was left on the mortgage. I can remember saying it was silly, and a luxury we didn't need, better off paying more off the mortgage each month (but in reality it probably would have been squandered)! More importantly his also had critical illness cover as he is the breadwinner. He is lucky in that his work is totally flexible, but that isn't the case for a lot of people. It has taken a worry off our shoulders (albeit a small one in the grand scale).

It's really important to cover the 'what ifs', because nobody knows what is around the corner!

44 paid off. We could afford to move as we both earn well, but I prefer to have holidays and live life with a budget that another 500k of borrowing would not allow. We couldn't move where we live without a very large extra chunk and so I'd rather sit tight.

Mid 40s, house owned outright. We've always overpaid our mortgages and so far it is a strategy that has paid off. Not sure if I can stomach another mortgage though - it does take a lot of discipline to divert funds all the time.

none. On my current salary I couldn't get a mortgage above £75k, so could never have OP's problem.